Economy

If AI delivers on its promise, the quality of the products purchased by borrowers could be used to determine whether they would be able to repay their home loans, ANZ Bank said this week.

Saving for a home loan deposit could take nearly a decade in some parts of Australia, according to a new study.

The securities exchange has announced a new start date for the implementation of blockchain technology after an extensive consultation with industry insiders and stakeholders.

Industry pundits are divided over the benefits of honeymoon rates for borrowers, with some claiming that these encourage borrowers to assume more debt than they can afford.

A big four bank has admitted to breaching responsible lending obligations in its issuance of home loans and has agreed to pay a $35-million civil penalty.

The Reserve Bank has revealed its cash rate decision for September, announced against a backdrop of out-of-cycle rate hikes from lenders. 

The Reserve Bank has surprised industry pundits with its September cash rate decision, announced against the backdrop of out-of-cycle rate hikes from lenders. 

The Reserve Bank has announced the official cash rate for September following its monthly board meeting. 

A “complex” market dynamic has inhibited the competitive ambitions of lenders, who are confronted with increased scrutiny in a softening market, according to one economist.

National dwelling values have continued to fall, with the latest CoreLogic data reporting a 0.3 of a percentage point drop in national home prices, down by 2.2 per cent since peaking in ...